British Airways hit with £183.39 million data breach fine
Travel diaries: four days in Barcelona
Day 1:
My flight from London Luton airport landed in Barcelona for 19.30 local time, which meant I only had the evening to explore. After jumping on the Aerobus, the quick shuttle that connects the airport to the city centre, I swiftly dropped my belongings off at my Airbnb and headed out for a bite to eat. I had a few different restaurants on my list which were recommended by friends and family who had also recently visited the city. The first of these was Set De Gòtic for tapas. Located just a few steps from the city’s famous La Rambla street, the restaurant offered a quiet and cosy contrast to the buzzing streets of Barcelona. After sampling what the tapas bar had to offer, I headed back to my Airbnb for a relaxing evening spent on my balcony to make sure I was well rested for the following day.Day 2:
My second day in the city consisted of a lot of walking. In the morning, I headed to Barcelona’s Gothic Quarter (Barri Gòtic) for a morning stroll. The narrow streets were packed with stylish bars and Catalan restaurants and home to some of the city’s most popular tourist attractions including the City Hall, the Palau de la Generalitat, the Cathedral and the Plaça del Rei. If you don’t fancy staring at a map all morning, I recommend joining a group walking tour and letting an expert lead the way. Lunch was spent in the Ciutadella Park where I ate some freshly bought Jamón Ibérico under the Spanish sun. Whilst walking to the park, I also stumbled across the Palau de la Música Catalana, and decided I would return to the building and enter it later on in my trip. My afternoon was spent walking up the large avenue Passeig de Gràcia, which is home to several of Gaudí’s architectural beauties such as Casa Milà and Casa Batlló. I headed to Park Güell in the early evening for golden hour. I recommend purchasing all tickets to famous attractions online before hand; Park Güell had run out of normal tickets which had left several tourists disappointed as they had been denied entry. Dinner was spent at La Fonda restaurant where I tried both the Seafood Paella and the Black Fideuà. The latter of these was particularly striking as the jet black dish included prawns, clams and squid in their own ink, served with aioli. I picked this restaurant for its friendly prices; seafood can be particularly expensive in the city, but La Fonda offered an authentic experience at a reasonable price.Day 3:
Having walked a total of 18 kilometres the day before and visiting most of the city’s main attractions, I decided to take the third day (and last full day) easy. The morning was spent re-visiting the Palau de la Música Catalana where I took part in a guided tour of the building. The tour included the chance to listen to a piece played from the concert hall’s organ and sample its perfect acoustics for myself. After grabbing lunch from the Mercado de La Boqueria, I headed to the coast for an afternoon spent soaking up the sun and relaxing on the beach – at this point I had come to the conclusion that the city really was the perfect location for anyone seeking a bit of both. In the evening, I headed back to Gaudí’s Casa Milà for a stunning sunset view of the city from its roof terrace before dining at L’Arrosseria Xàtiva. I had been recommended this restaurant for its strikingly different paella dishes, and it did not disappoint. My third day was rounded off by heading to a roof top bar that I had spotted whilst on the roof terrace of Casa Milà. Located on the 8th floor of Hotel Condes de Barcelona, Alaire Terrace Bar is a trendy and unique bar that overlooks the city and offers an al fresco aperitif during the day, relaxed dinner and cocktails.Day 4:
After checking out of my Airbnb, I headed to the last must-see part of Barcelona; La Sagrada Familia. Just like Park Güell, it’s important to pre-book tickets to enter the church as it is one of the busiest tourist destinations in the city. Standard entry tickets were completely sold out online for the week ahead, so it’s important to book as early as possible to avoid missing out. La Sagrada Familia occupied the majority of my day, and around 16.00 I jumped back onto the Aerobus and headed to the airport. There is still much of the city that I haven’t had the chance to explore and, like many who leave Barcelona, I can’t wait to return.Is Love Island really worth it for ITV2?
Arc Minerals rallies after acquiring 5% interest in Zaco Ltd
Arc Minerals statement
On the update, the Company’s statement read,“Following the discovery of the large West Lunga target (as per the announcement dated 4 July 2019), Arc Minerals has purchased a further 5% interest in Zaco from Rémy Welschinger, a Non-Executive Director of Arc, for a total consideration of 1,414,000 New Ordinary Shares of no par value in the share capital of the Company (“New Ordinary Shares”).”
Executive Chairman of the Company, Nick von Schirnding, commented,“Following the exciting news of the West Lunga discovery we are keen to consolidate our interest in Zaco and we are pleased to have increased our interest in Zaco on the same commercial terms as the initial transaction.”
On yesterday’s positive news, the Arc Minerals Executive Chairman stated,
“These maiden drill results have exceeded all our expectations both in terms of grade and thickness. While we are still at an early stage in the drilling programme, these results are highly encouraging and we have now deployed two rigs to Cheyeza East. Importantly our third hole 200 meters south also shows significant mineralization.”Investor notes
The Company’s share price is up 7.05% or 0.26p to 3.99p a share since trading began 05/07/19 11:25 GMT. Elsewhere in the mining and minerals sector, recent updates have come from; Arc Minerals Ltd (LON: ARCM) Thor Mining PLC (LON: THR) Premier African Minerals (LON: PREM), Pathfinder Minerals (LON: PFP), AfriTin Mining Ltd (LON: ATM), Ferrexpo Plc (LON: FXPO) and Altus Strategies Plc (LON: ALS).Ashley House profits postponed by legal processes
Ashley House statement
The group’s statement read as follows,“Further to the Trading Update of 25th June, the Company advises that due to delays in the final legal processes, the three Morgan Ashley extra care schemes mentioned in that update did not reach financial close prior to the end of the Company’s financial period to 30 June 2019. As a result the related profit from these schemes will fall into the year to 30 June 2020.”
“As reported this means that whilst the Company is likely to be profitable in the second part of the fourteen month period to 30 June 2019, it will show a loss for the full period. However, the Company is pleased to advise that the first of the three extra care schemes is all agreed, awaiting signature from the parties. In addition, for the further two schemes (one transaction) the complex legal documentation is almost agreed and the schemes are expected to reach financial close in the near future. Together, the Directors believe that these schemes will provide a strong start to the year to 30 June 2020.”
Investor notes
The Company’s shares are up 0.97% or 0.08p to 8.33p a share 05/07/19 08:15 GMT. Elsewhere in property development and estate agency news, there have been updates from; Persimmon plc (LON: PSN), McKay Securities plc (LON: MCKS), MJ Gleeson PLC (LON: GLE), Somero Enterprises Inc (LON: SOM), Bovis Homes Group plc (LON:BVS) and Telford Homes plc (LON: TEF).John Menzies shares dip on profit warning
John Menzies comments
In its statement, the Company said the following,“Overall the Board believes that the medium and long term fundamentals of, and prospects for, the business are sound and remain confident that the actions being taken in the current year underpin the Board’s expectations for 2020.”
Company Chief Executive Officer, Giles Wilson, then attached these comments to the update,
“The overall aviation market is having a difficult year. This inevitably is having an impact on our full year outturn. However, I firmly believe in the structural growth dynamics within our industry and all historical data points to recovery.”
“Accordingly, I believe we remain well placed to prosper. Since my appointment I have taken a number of actions to right size the business, we have also restructured our commercial teams to ensure we are ready to seize opportunities as they present themselves.”
“We have a great, motivated team and I look forward with confidence.”
Investor notes
The Company’s shares have fallen 14.15% or 64.8p to 393.2p a share during morning trading on Friday 05/07/19 10:18 GMT. Analysts from Shore Capital, Peel Hunt and Berenberg all reiterated their respective ‘Buy’ stances on John Menzies stock. Elsewhere in aviation, there have been updates from; Wizz Air (LON: WIZZ), Thomas Cook (LON:TCG) and Ryanair Holdings Plc (LON:RYA).Acacia Mining sees jump in mineral resources on-year
Acacia Minerals comments
Within the update, the Company enclosed the following details, “The Mineral Reserve and Resource upgrade follows the ongoing drilling programme which is taking place at the Gokona underground mine and has confirmed the predicted extensions of the orebody. In particular, an additional 95 drill holes totalling 32,463 metres have been incorporated into the updated Gokona Mineral Resource Model with the additional underground drilling information increasing the Gokona Mineral Reserves by 286Koz of gold; offset by mining depletion of 76Koz of gold and a conservative reduction in assumed crown pillar recovery of 71Koz of gold. New mining designs and a revised life of mine (LOM) plan have been created using this model which supports the update to the Mineral Reserve Statement.” “The Nyabirama Open Pit experienced some slope stability issues during Q1 2019 which led to a redesign of the open pit. The current work indicates that, aside from depletion, there will likely be a further 70Koz to 130Koz decrease in open pit Mineral Reserves. An updated open pit design is in the process of being produced and the statement will be updated as soon as the work is completed.” “Acacia plans to continue underground diamond drilling at Gokona and this is expected to further increase confidence in the continuity of the mineralisation of the deposit with the potential for further additions to inventory in the Lower West and Lower East, as well as in the Deep East in the year-end 2019 Mineral Reserve and Resource. Accordingly, Acacia expects to provide a further update to its Mineral Reserves and Mineral Resources as soon as finalised.”Investor notes
Since markets opened, the Company’s rallied 0.98% or 1.7p in the first hour of trading on Friday, up to 175.4p a share. Analysts from Barclays Capital recently reiterated their ‘Overweight’ stance on Acacia Mining stock, while the last update from Peel Hunt saw them reiterate their ‘Buy’ rating. Elsewhere in the mining and minerals sector, recent updates have come from; Arc Minerals Ltd (LON: ARCM), Thor Mining PLC (LON: THR) Premier African Minerals (LON: PREM), Pathfinder Minerals (LON: PFP), AfriTin Mining Ltd (LON: ATM), Ferrexpo Plc (LON: FXPO) and Altus Strategies Plc (LON: ALS)Persimmon suffers public backlash and H1 revenues down
https://platform.twitter.com/widgets.js The Company’s total revenues were down from £1.836 billion to £1.754 billion on-year, for the first half. Housing revenues were also down 5.6% for H1 2019, finishing at £1.645 billion, compared to £1.742 billion the year before. Further, new housing completion volumes were down by 488, from 8,072 to 7,584 and the value of total forward sales fell marginally from £1.680 billion to £1.622 billion. On a more optimistic note, the average selling price of properties in the Company’s portfolio rose from £215,813 to £216,950.Persimmon’s latest ploy to recover its reputation – destroy years’ of public complaints by taking over the biggest customer complaints group about its homes on Facebook https://t.co/zkW78s38IW
— Louisa Clarence-Smith (@LouisaClarence) June 29, 2019
Persimmon comments
On the update, Company Chief Executive, Dave Jenkinson, said, “I am pleased that there are some clear early signs that our focus on increasing the quality and service delivered to our customers is beginning to bear fruit, with some encouraging improvements being made right across the business. Although we are still in the early days of our improvement plans our customer satisfaction rating, as measured by the HBF, has increased during the period.”“Our progress on customer service shows that Persimmon is listening carefully to all stakeholders and making the changes needed to position the business for the future, while maintaining a robust trading performance. We enter the second half with our build programme well progressed, healthy rates of sale on site and an encouraging forward sales position. I look forward to giving further details of our progress at the interim results in August.”

